lapse
B2CEFR level
40/100Rarity: uncommon
TechnicalRegister
Law verb
To cease to have effect, especially where renewal fees for a right are not paid.
The patent lapsed when the proprietor failed to pay the fifth-year renewal fee.
Business verb
To cease to be in force because a premium has not been paid within the permitted period.
The life cover lapsed when he missed three consecutive monthly premiums.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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